MAIN PAGE

By the Numbers
The Year at a Glance

By Overall Area
-New Hanover County
-Region

-Brunswick County
-Pender County

Wilmington
28401 (downtown)
28403 (midtown)
28405 (midtown)
28409 (south Wilm)
28411 (north Wilm)
28412 (south Wilm)
28429 (Castle Hayne)

Beaches
- Carolina Beach
- Kure Beach
- Wrightsville Beach

Nearby
- Leland

- Hampstead

Inventory in NH Cty
Trends by month, zip code, price and distressed

Highs & Lows
- Million dollar + sales
- Distressed sales

Land Sales
Land Activity

Company Comparison
By Volume & Sales


Wilson Team Activity
$10 million + year!

The Forecast
For Buyers in 2018
For Sellers in 2018

Previous Years
To see reports for previous years, click here

All info is from the Greater Wilmington MLS, but is New Hanover County only.

Home Page

 

Welcome to the Year in Review for the Year 2017

The quick summary for the local real estate market for 2017 - Sales were up 5%, prices were up 8%, inventory continues to plummet!

a

a a
Sales
Prices
Inventory

Home Sales
The number of home sales in New Hanover County was up strongly again in 2017. There were over 5200 homes sold in 2017, compared to just over 4970 in 2016. The last time we cracked the 5000 mark was in 2005, when close to 6500 homes were sold. My prediction at the beginning of 2017 was for a 8-12% increase, I may have been overly optimistic based on the 10% increase from 2015.
My prediction for this year will be another solid increase in home sales, I will say 5%. The economy appears to be moving ahead strongly, and this area continues to be a popular place for people relocating or retiring.

In the region of southeast North Carolina, the number of homes sold was up 13% over 2016, that after a 22% increase the previous year. Prices were up roughly 5 - 6%.

Home Prices
At the beginning of 2017 I predicted prices would go up 4-6% compared to 2016. I've been guessing high in previous years, but I was low for 2017. The average home price and price per square foot was up a solid 8%. The average sales price for a home in New Hanover County was just over 302k. The price per square foot, which is probably a more accurate measure of home prices, was $155
Based on the steady demand and inventory not keeping up, I see prices moving up about the same, so my prediction for 2018 will be 7-9%.
Regionally prices were up 5 - 6%.

Days on the Market
The average number of days to sell in 2017 fell for the sixth straight year, by 14% to 69. More evidence that this is the best time for sellers in several years.

Inventory
Inventory is always a driving factor for New Hanover County, because it is a small county with little space to build. I have been checking the inventory of homes for sale in New Hanover County every month since 2008, and the low numbers continue to shock. From 2008-2010, inventory hovered in the 3000s. In 2014-2015, the inventory was around 2000; in 2016 the inventory dropped to around 1700, and in 2017 the average was UNDER 1600.
I expect that inventory will begin to move back up this year, but will likely stay well below 2000.

Random numbers of a somewhat intriguing nature:
The biggest, the smallest, the priciest, the cheapest, the oldest, and much more,
go here to find the extremes of what sold in NH County in 2017
Click on the links at left to navigate the 2017 Year in Review

 

The Wilson Team
"If you're looking for a house, we know where some are..."

Wade Wilson,
Realtor

910-619-3502
NC License #253396
wadewilson
@seacoastrealty.com

 

Ashley Wilson,
Realtor

910-619-0024
NC License #275182
ashleywilson
@seacoastrealty.com

 


Lindsey Bridges,
Realtor

828-231-6422
NC License #294445
lindseybridges
@seacoastrealty.com

 

Barbara Crawford,
Realtor

910-632-4586
NC License #298134
barbaracrawford
@seacoastrealty.com

_______________________________________________

Coldwell Banker Sea Coast Realty • 2516 Independence Blvd, Suite 102 • Wilmington NC 28412
________________________________

Coldwell Banker Sea Coast
Is the Number ONE
Real Estate Company
in the Region for 17 straight years!